| Aristocrat Leisure |
ALL |
Citi raises Aristocrat Leisure (ALL) price target from $34.60 to $30.10. Retains buy rating. Broker is impressed with pace of US recovery. |
| Beach Energy |
BPT |
Macquarie lowers Beach Energy (BPT) price target from $1.700 to $1.650. Retains outperform rating. Cites impact of lower energy prices. |
| Breville Group |
BRG |
EL&C Baillieu raises Breville Group (BRG) price target from $26.00 to $27.50. Retains hold rating. Anticipates strong Q1 FY21 sales, as a result upgrades earnings forecasts. |
| Capricorn Metals |
CMM |
Macquarie raises Capricorn Metals (CMM) price target from $1.500 to $1.700. Retains underperform rating. Sees higher gold prices in 2021. |
| Carnarvon Petroleum |
CVN |
Macquarie lowers Carnarvon Petroleum (CVN) price target from $0.350 to $0.300. Retains outperform rating. Blames lower oil prices. |
| Chalice Gold Mines |
CHN |
Macquarie raises Chalice Gold Mines (CHN) price target from $2.30 to $2.50. Retains outperform rating. Reacts positively to news of exploration success at Julimar. |
| Champion Iron |
CIA |
Macquarie raises Champion Iron (CIA) price target from $3.00 to $3.80. Retains outperform rating. Expects pull back in iron ore prices will have minimal impact on co. at this stage. |
| Cooper Energy |
COE |
Macquarie raises Cooper Energy (COE) price target from $0.360 to $0.370. Retains neutral rating. |
| Dacian Gold |
DCN |
Macquarie lowers Dacian Gold (DCN) price target from $0.300 to $0.340. Retains underperform rating. Sees higher gold prices in 2021. |
| Evolution Mining |
EVN |
Macquarie raises Evolution Mining (EVN) price target from $5.60 to $6.60. Retains neutral rating. Reviews gold prices, ups earnings forecasts. |
| Fortescue Metals Group |
FMG |
Citi upgrades Fortescue Metals Group (FMG) rating from neutral to buy. Retains $18.50 price target. Notes recovery in world steel production, stronger for longer iron ore pricing. |
| Fortescue Metals Group |
FMG |
Macquarie lowers Fortescue Metals Group (FMG) price target from $20.00 to $19.50. Retains outperform rating. Notes pullback in iron ore prices. |
| Gold Road Resources |
GOR |
Macquarie upgrades Gold Road Resources (GOR) rating from underperform to outperform. Raises price target from $1.800 to $1.900. Reviews gold prices, ups earnings forecasts. |
| Karoon Energy |
KAR |
Macquarie raises Karoon Energy (KAR) price target from $1.250 to $1.370. Retains outperform rating. |
| Livetiles |
LVT |
Citi lowers Livetiles (LVT) price target from $0.300 to $0.250. Retains neutral rating. |
| Mineral Resources |
MIN |
Goldman Sachs initiates neutral rating on Mineral Resources (MIN). Initiates $26.00 price target. |
| Mineral Resources |
MIN |
Macquarie lowers Mineral Resources (MIN) price target from $33.50 to $31.60. Retains outperform rating. Notes pullback in iron ore prices. |
| Mount Gibson Iron |
MGX |
Macquarie lowers Mount Gibson Iron (MGX) price target from $1.050 to $0.950. Retains outperform rating. Notes pullback in iron ore prices. |
| New Hope Corporation |
NHC |
Citi lowers New Hope Corporation (NHC) price target from $1.600 to $1.300. Retains neutral rating. Blames falling production profile. |
| New Hope Corporation |
NHC |
Macquarie lowers New Hope Corporation (NHC) price target from $1.100 to $0.900. Retains underperform rating. Blames worse than expected FY20 results. |
| Newcrest Mining |
NCM |
Macquarie upgrades Newcrest Mining (NCM) rating from underperform to neutral. Raises price target from $28.00 to $35.00. Reviews gold prices, ups earnings forecasts. |
| News Corporation |
NWS |
Goldman Sachs raises News Corporation (NWS) price target from $25.65 to $26.70. Retains buy rating. |
| Northern Star Resources |
NST |
Macquarie upgrades Northern Star Resources (NST) rating from underperform to outperform. Raises price target from $13.30 to $16.40. Reviews gold prices, ups earnings forecasts. Notes strong operational performance. |
| Origin Energy |
ORG |
Macquarie lowers Origin Energy (ORG) price target from $6.01 to $5.35. Retains neutral rating. Blames lower oil prices. |
| Perseus Mining |
PRU |
Macquarie upgrades Perseus Mining (PRU) rating from underperform to outperform. Raises price target from $1.400 to $1.700. Reviews gold prices, ups earnings forecasts. |
| Qube |
QUB |
Jefferies upgrades Qube (QUB) rating from hold to buy. Upgrades earnings forecasts on improving container volumes. |
| Regis Resources |
RRL |
Macquarie raises Regis Resources (RRL) price target from $4.80 to $5.20. Retains underperform rating. Reviews gold prices, ups earnings forecasts. |
| RIO Tinto |
RIO |
Macquarie lowers RIO Tinto (RIO) price target from $114.00 to $113.00. Retains outperform rating. Notes pullback in iron ore prices. |
| Santos |
STO |
Macquarie lowers Santos (STO) price target from $5.50 to $5.40. Retains neutral rating. Blames lower oil prices. |
| Saracen Mineral |
SAR |
Macquarie upgrades Saracen Mineral (SAR) rating from underperform to outperform. Raises price target from $4.70 to $6.10. Reviews gold prices, ups earnings forecasts. |
| Silver Lake Resources |
SLR |
Macquarie raises Silver Lake Resources (SLR) price target from $2.60 to $2.90. Retains outperform rating. Reviews gold prices, ups earnings forecasts. |
| ST Barbara |
SBM |
Macquarie raises ST Barbara (SBM) price target from $3.30 to $3.40. Retains underperform rating. Reviews gold prices, ups earnings forecasts. |
| Treasury Wine Estates |
TWE |
Citi lowers Treasury Wine Estates (TWE) price target from $12.56 to $10.05. Retains neutral rating. Notes China dumping investigation is a negative, but is watching price pullback for buying opportunity. |
| West African Resources |
WAF |
Macquarie downgrades West African Resources (WAF) rating from outperform to neutral. Raises price target from $1.100 to $1.200. Blames recent share price appreciation, erodes value proposition. |
| Westgold Resources |
WGX |
Macquarie raises Westgold Resources (WGX) price target from $2.90 to $3.20. Retains outperform rating. Reviews gold prices, ups earnings forecasts. |
| Woodside Petroleum |
WPL |
Macquarie lowers Woodside Petroleum (WPL) price target from $24.40 to $23.50. Retains outperform rating. |